Proposed Budget Cuts Would Slash CDFI Discretionary Awards
The FY2026 budget proposal from President Trump would eliminate the Community Development Financial Institution Fund’s discretionary awards and require the CDFI Fund to allocate 60 percent of loans and investments to rural communities, reports Esteban Camargo.
Financial Literacy Matters to All Generations
Financial literacy isn’t just for the youngest among our members, says CUSO Magazine’s Esteban Camargo. As we wrap up Financial Literacy Month, we are reminded that there are members at all life stages that can use help planning for the future and protecting savings.
The Rise of A.I. and the Need for Even Greater Vigilance
Financial literacy is crucial for our communities, but so too is educating members on matters of cybersecurity, and the increased threats that large language models pose to them. CUSO Magazine’s Esteban Camargo shares some ways bad actors are using LLMs to trick us, and how to stay safe.
Is Crypto a Threat to Credit Unions?
Financial Literacy Month continues and this week Esteban Camargo cracks the surface of cryptocurrencies, what they are, how they work, and how credit unions factor in.
Lions and Tigers and Bear Markets, Oh My!
It’s Financial Literacy Month and Esteban Camargo is back at it, seeking to expand his own financial literacy, and hopefully share some of that newfound knowledge with you, are dear reader. Kicking things off for 2025 is a look at bear and bull markets and how they affect credit unions.
Credit Unions and Politicians React to Trump’s Executive Order Targeting CDFIs
A March 14 Executive Order targeting the Community Development Financial Institutions Fund has left the credit union and banking industry gathering support from a growing list of bipartisan lawmakers who support the Fund and its importance in serving under- and unbanked communities, reports Esteban Camargo.
Hauptman’s Decision on Disclosure of Overdraft/NSF Fees Causes Stir Among NCUA Board
Following the decision by NCUA Board Chair Kyle Hauptman to cease releasing data on overdraft/NSF fee income, board members Tanya Otsuka and Todd Harper issued statements opposing the “unilateral” decision. Esteban Camargo reports.
America’s Credit Unions Voices Support for Overturning CFPB’s Overdraft Rule
In the evolving struggle over the CFPB’s overdraft fee policy, America’s Credit Unions in collaboration with five other financial services trades has submitted a letter to Congress to reverse the rule set to take effect in October. CUSO Magazine’s Esteban Camargo reports.
Cooking with CUSO Mag: Asian Credit Unions and a Pad Thai-inspired Sandwich
In the third edition of this exclusive series from CUSO Magazine, Esteban Camargo bridges the gap of credit union education and food blog… Learn about the landscape of Asian credit unions before making Esteban’s unholy (but surprisingly delicious!) marriage of peanut butter and ranch dressing: a Pad Thai-inspired sandwich.
Cap on Overdraft Fees Put on Back Burner as Acting CFPB Director Bessent Freezes Activity
Following the firing of former CFPB Director Rohit Chopra, new Acting Director Scott Bessent has ordered that much of the CFPB’s current initiatives be halted. CUSO Magazine’s Esteban Camargo reports.
